Non-Profit Hospitals Get New Tax Form

In 2009, non-profit hospitals will have to file a new tax Form 990 which promises more transparency regarding executive compensation, charity care, contributions to the community, and calculation of bad dedt expenses. The IRS is seeking public comment on the new Form 990 until September 14th.

Review of the proposed changes to a new schedule H specifically for hospitals can he found here.

-Wes